Haliburton County wants to grow its excess funds.

County council approved an investment policy that will govern how excess and reserve money is invested.

Warden Suzanne Partridge says idle money can be earning interest.

According to the policy, the investments will be overseen by Treasurer, Elaine Taylor on behalf of the county.

One example Taylor gave is that if $1 million was in reserves and there were no plans to use that money until August, those funds could be invested.

The policy goes onto say that any investments made by the county must be low-risk and liquid, meaning they can be converted back to cash in a short period of time.

Click here to see a copy of the investment policy.